Lead Story Picture

Dish, Fox Each Say Aereo Backs Their Claims In DVR Fight

Dish Network Corp. and Fox Broadcasting Inc. faced off in a California federal courthouse Friday, each arguing that the U.S. Supreme Court's recent Aereo ruling supports its bid for a quick win in their fight over whether Dish's Internet-streaming DVR features infringe Fox's copyrights.

  • Madoff Trustee Files $62M Deal In Customer Clawback Suit

    The trustee tasked with winding down Bernie Madoff’s investment fund reached a deal valued at $62 million with a group of investors who were paid out of funds tainted by the Ponzi scheme, according to a motion filed in New York bankruptcy court on Friday.

  • Fed Pinpoints Shortcomings In Bank Stress Test Submissions

    The Federal Reserve on Friday outlined where it would like to see banks improve their submissions to the central bank’s annual stress tests, including better evaluations of their modeling and valuation techniques.

  • Trump Entertainment Allowed To Nix Union Deal In Ch. 11

    A Delaware bankruptcy judge Friday allowed Trump Entertainment Resorts Inc. to ax its collective bargaining agreement with the union representing more than 1,000 employees of the Taj Mahal and impose its alternative that trades pensions for 401(k)s and employer-provided health insurance for coverage under the Affordable Care Act.

  • Virgin Money Pushes Back IPO Plan Amid Bumpy Euro Markets

    U.K. lender Virgin Money Holding PLC, part-owned by English billionaire mogul Richard Branson, became the latest company to suspend its initial public offering plans on Friday citing concerns over the state of the market as worries over Ebola and a trading slowdown continue to spook investors.

  • Jimmy Choo Steps Into London Markets With $227.1M IPO

    Luxury shoemaker Jimmy Choo PLC ventured Friday onto the London Stock Exchange, raising £141 million ($227.1 million) for the expansion-minded British designer in an initial public offering that priced shares on the low end amid bumpy terrain for European IPOs.